The soybean cultivar ‘Neulchan’ was developed for production of soy-paste and tofu. SS91501-9-1-1 and SS96205 (F₂) were crossed in 1998, and F₃ to F₇ were selected by the pedigree method. A preliminary yield trial (PYT) and an advanced yield trial (AYT) were conducted from 2006 to 2008, and a regional yield trial (RYT) in nine regions was conducted from 2009 to 2011. In the RYT, ‘Neulchan’ was stable in variable environments and generated high yield. ‘Neulchan’ was determinate with white flower, light brown pod color, yellow spherical seed, and yellow hilum. Its flowering date and maturity date were Jul. 30 and Oct. 9, respectively. The plant height was shorter than that of ‘Daewonkong’ (a standard cultivar). ‘Neulchan’ had the same node number (14), higher first-pod height (12 cm), and lighter seed weight (21.7 g/100-seed weight) than those of ‘Daewonkong’ (14, 11, and 24.2 g/100-seed weight, respectively). ‘Neulchan’ had high resistance to bacterial pustule, and its resistance to soybean mosaic virus was similar to that of ‘Daewonkong’. The yield and color of ‘Neulchan’ tofu were similar to those of ‘Daewonkong’ tofu, but the hardness was lower than that of ‘Daewonkong’ tofu. The soybean malt scent, fermented soybean yield, and γ-polyglutamic acid (γ-PGA) of ‘Neulchan’ were 3, 215%, and 24.6 mg/g, respectively. Its yield in adaptable regions was 307 kg/10a, higher than that of ‘Daewonkong’. ‘Neulchan’ was expected to be cultivated and used widely for soy-paste and tofu production. (Registration No. 4904).